Corn and wheat continue lower on profit taking, despite tensions in the Black Sea. Soybeans are off lows with higher bean oil and watching weather, but Nov needs to hold $14. Cattle 2-sided seeing profit taking ahead of reports and despite higher cash again today. Hogs also consolidate. DuWayne Bosse, Bolt Marketing has more.
Corn and Wheat See Profit Taking, Soybean Off Lows Watching Weather, BO: Cattle 2-Sided Despite Higher Cash, Await Reports
Corn & wheat lower on profit taking, Soybeans off lows with higher BO, watching weather. Cattle 2-sided w/profit taking pre-reports and despite higher cash. Hogs consolidate. DuWayne Bosse, Bolt Marketing has more.
July 21, 2023 11:37 AM
Related Stories
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
